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Star Media’s Li TV to end broadcast on Oct 7

Star Media’s Li TV to end broadcast on Oct 7

PETALING JAYA: Star Media Group Bhd’s Li TV will cease operation from October 7 due to losses incurred and headwinds in the media industry. Li TV is engaged in the business of operating and distribution of an English language lifestyle television channel “Life Inspired” that broadcasts pan-regionally across Asia, which is also available on Astro […]

July 12, 2017 | By | Reply More
Star Media’s Li TV to end broadcasts from Oct 7

Star Media’s Li TV to end broadcasts from Oct 7

PETALING JAYA: Star Media Group Bhd’s Li TV will cease operation from October 7 due to losses incurred and headwinds in the media industry. Li TV is engaged in the business of operating and distribution of an English language lifestyle television channel “Life Inspired” that broadcasts pan-regionally across Asia, which is also available on Astro […]

July 12, 2017 | By | Reply More
MyEG to expand housing for foreign workers programme to three more states

MyEG to expand housing for foreign workers programme to three more states

PETALING JAYA: My E.G. Services Bhd (MyEG) aims to expand its housing for foreign workers, MyHom programme, to Penang, Kedah and Selangor soon. “Our focus is on states with many industrial areas like Penang, Kulim in Kedah and Selangor. We are already exploring opportunities in Selangor,” executive chairman Datuk Dr Norraesah Mohamad told reporters at […]

July 12, 2017 | By | Reply More
MyEG's MyHom to generate revenue by end-2018

MyEG's MyHom to generate revenue by end-2018

PETALING JAYA: My E.G. Services Bhd (MyEG) expects its foreign worker accommodation programme MyHom, to begin generating revenue by end of 2018. Executive chairman Datuk Dr Norraesah Mohamad said the programme, which began in Malacca last year, will tap into the 1.5 million foreign workers who work in industrial areas nationwide. “The programme was initiated […]

July 12, 2017 | By | Reply More
Axiata says yet to hear from Nepal's central bank on dividends repatriation

Axiata says yet to hear from Nepal's central bank on dividends repatriation

PETALING JAYA: Axiata Group Bhd said today, the central bank of Nepal has not responded to a submission to repatriate dividends from its Nepalese unit Ncell Pvt Ltd and that it is fully confident that the government of Nepal will not stop it from repatriating dividends which is rightfully theirs. The group is responding to […]

July 12, 2017 | By | Reply More
Axiata confident of bringing back dividends from Nepal

Axiata confident of bringing back dividends from Nepal

PETALING JAYA: Axiata Group Bhd said yesterday the central bank of Nepal has not responded to a submission to repatriate dividends from Nepali unit Ncell Pvt Ltd and it is confident that Nepal’s government will not stop it from repatriating dividends which rightfully belong to the Malaysian telco. The group was responding to a report […]

July 12, 2017 | By | Reply More
Digi’s Q2 profit falls 14.7% on higher depreciation, declares 4.6 sen dividend

Digi’s Q2 profit falls 14.7% on higher depreciation, declares 4.6 sen dividend

PETALING JAYA: Digi.com Bhd reported a 14.7% drop in net profit to RM358.89 million for the second quarter ended June 30, 2017 against RM420.61 million in the previous corresponding period, due to higher depreciation of RM194 million and an additional finance cost from the issuance of RM900 million sukuk last April. Revenue for the quarter […]

July 12, 2017 | By | Reply More
Industrial production index up 4.6% in May

Industrial production index up 4.6% in May

PETALING JAYA: Malaysia’s industrial production index (IPI) expanded 4.6% in May 2017 against the same month a year ago, supported by the strong growth in manufacturing index (7.3%) and electricity index (2.5%). According to the Statistics Department, the major sub-sectors which expanded in May 2017 include electrical and electronics products (11.6%), food, beverages and tobacco […]

July 12, 2017 | By | Reply More
Damansara Realty aims to return to black this year

Damansara Realty aims to return to black this year

PETALING JAYA: Damansara Realty Bhd, which has continuously been in the red, is hopeful of turning around within the current financial year ending December 31, 2017. This is expected to be driven by its integrated facility management initiative, according to group CEO Brian Iskandar Zulkarim. Last year, the property developer integrated the operations of its […]

July 12, 2017 | By | Reply More
Damansara Realty hopeful of turnaround by year-end

Damansara Realty hopeful of turnaround by year-end

PETALING JAYA: Damansara Realty Bhd, which has continuously been in the red, is hopeful of turning around operationally by the end of the current financial year ending Dec 31, after registering an operating loss of RM26.86 million last year. Group CEO Brian Iskandar Zulkarim told reporters at a media briefing that the turnaround is expected […]

July 12, 2017 | By | Reply More